Tertiary Amine Market to Grow with a CAGR of 4.13% through 2028
Growing utilization in various industries, such as personal
care, agriculture, and cleaning industries are factors driving the Global Tertiary
Amine Market in the forecast period 2024-2028.
According to
TechSci Research report, “Tertiary Amine Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Tertiary Amine Market stood at USD 4.27 billion in 2022 and is
anticipated to grow with a CAGR of 4.13% in the forecast period, 2024-2028. Tertiary
amines find direct application as intermediates in the manufacturing processes
of a wide range of chemicals, including fuel oils, cosmetics, citric acid, and
surfactants. They also play a crucial role in the production of
metal-extracting agents, preservatives, and fungicides. These compounds are
primarily employed for the synthesis of quaternary ammonium salts, as well as
in replacement reactions and the removal of amino groups. Tertiary amines are organic molecules characterized by
a nitrogen atom bonded to three aryl or alkyl groups. Their versatile chemical
properties make them valuable across various industries. They find utility in
sectors like personal care and pharmaceuticals, serving roles from water
treatment chemicals to fuel additives.
A tertiary amine refers to an amine where the
nitrogen atom is directly linked to three carbons that are not part of any
carbonyl group. These compounds play a significant role in the production of
fungicides, metal extracting agents, and preservatives for metals. Furthermore,
they serve as intermediates in the manufacturing of various chemicals,
including surfactants, citric acid, and fuel oils, as well as in processes
involving the extraction of metals, fungicidal agents, and metal preservation.
Additionally, tertiary amines are employed for eliminating ammonium salts and
amino groups, as well as for participating in quaternary replacement reactions.
These versatile products find applications in a wide array of industries,
including the production of cleaning products, agricultural chemicals, personal
care items, the petroleum sector, water treatment processes, plastics
manufacturing, pharmaceuticals, and the textiles and fibers industry.
Furthermore, the
growing need for tertiary amines in the cosmetics and personal care sector is
poised to play a significant role in expanding the market. Tertiary amines
serve as a vital component in surfactant production, which is predominantly
used in a wide range of cosmetics and personal care items like creams, lotions,
moisturizers, and hair shampoos. The increasing demand for cosmetic and
personal care products, driven by heightened consumer awareness about skin care
and substantial investments in the research and development of premium
products, is expected to boost the demand for tertiary amines. Consequently,
the surging demand for these products will drive the growth of the tertiary
amines market in the forecasted period.
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Furthermore,
the market is anticipated to experience growth due to the rising demand for
creams and moisturizers, driven by increasing consumer awareness and disposable
income. Triethanolamine, an ammonia-based compound, finds application as an
emulsifier or foaming agent in cosmetics. It is employed in conjunction with
lauryl sulfate to create foam-based surfactants used in hair shampoos. The
personal care industry is continually evolving, offering advanced products, and
substantial investments in the research and development of premium items. These
factors are expected to have a favorable impact on market growth.
The Global Tertiary
Amine Market is segmented into product, application, end use, regional
distribution, and company.
Based on its product,
the C-14 segment has emerged as the predominant market leader. The substantial demand for C-14 tertiary amines across
various sectors, including oil & gas, agriculture, and personal care, can
be attributed to their versatile applications. These applications encompass the
formulation of products such as corrosion inhibitors, fabric softeners, and
surfactants. Within the C-14 segment, a noteworthy surge in revenue is
anticipated. This growth is fueled by the increasing need for C-14 tertiary
amines in a range of products, including lubricants, fabric softeners, and
surfactants. Additionally, the growing consumer interest in cleaning supplies
and personal care products is expected to contribute to the rising demand for
C-14 tertiary amines.
Furthermore,
over the forecasted period, the C18 segment is poised for consistent growth.
C18 tertiary amines hold a pivotal role in the oil and gas industry, where they
are utilized in the production of demulsifiers, drilling additives, and
asphaltene inhibitors. As the oil and gas sector continues to expand, the
demand for C18 tertiary amines is projected to follow suit.
Based on application,
the surfactants segment commands the highest share of revenue. This can be attributed to the extensive utilization of
tertiary amines in formulating surfactants that have a wide range of
applications encompassing personal care, household cleaning, and industrial
cleaning. In these applications, tertiary amines perform various roles,
including acting as wetting agents, foam stabilizers, and emulsifiers, among
other functions.
During the
forecast period, it is anticipated that the category of quaternaries will
exhibit the most rapid growth in revenue. This growth is fueled by the
increasing demand for quaternary ammonium compounds in various products, such
as disinfectants, sanitizers, and fabric softeners. Quaternary ammonium
compounds are well-known for their antibacterial properties, and their
production relies on tertiary amines as essential raw materials. Furthermore,
over the projected period, the segment of Corrosion Inhibitors is also expected
to experience significant expansion. Tertiary amines play a pivotal role in the
manufacturing of corrosion inhibitors, which find applications across multiple
industries, including oil and gas, power generation, and water treatment. These
inhibitors contribute to extending the lifespan and durability of machinery and
infrastructure by mitigating the corrosion of metal surfaces resulting from
chemical reactions.
Throughout the
forecasted period, the polyurethane catalysts segment is projected to exhibit
steady growth. Tertiary amines function as catalysts in the production of
polyurethane foam and coatings, which are utilized in various sectors such as
electronics, construction, and the automotive industry. The growing demand for
products based on polyurethane is expected to drive the requirement for
tertiary amines in this market.
Based on end
use, the personal care
segment commands the highest share of revenue. The
expansion of this sector is expected to be fueled by the increasing aging
population and heightened consumer awareness of innovative products.
Additionally, the growing consciousness regarding cosmetic items like hair
styling, facial makeup, and coloring products, especially in countries like
India, China, and Japan, is poised to make a significant contribution to this
growth.
Furthermore, the
surge in consumer awareness regarding environmental concerns and food safety
has led to a rising demand for biopesticides. This demand for biopesticides is
projected to maintain its growth trajectory during the forecast period,
particularly with the gradual phasing out of certain pesticides like atrazine,
chlorpyrifos, and glyphosate. This shift away from specific pesticides is
expected to have an impact on the tertiary amines market. Moreover, tertiary
amines play a vital role in the production of plastic materials. Various
derivatives, including N-ethyl morpholine, N,N'-dimethylpiperazine,
N,N-dimethylethanolamine (DMEA), Triethylene diamine (TEDA),
Bis(2-dimethylaminoethyl)ether (BDMAEE), N,N-dimethylcyclohexylamine (DMCHA),
N,N-dimethylbenzylamine (DMBA), N,N-dimethylcethylamine, and Triethylamine, as
well as 1-(2-hydroxypropyl) imidazole, serve as catalysts in the manufacturing
of polyurethane. Tertiary amine-based catalysts assume a pivotal role in the
production process by regulating the gelling reaction and the foaming or
gas-forming reaction responsible for foam formation.
Based on region,
North America took center stage as the leading contender in the Global Tertiary
Amine Market. The growth in North America can be primarily attributed to the
increasing use of personal care and cosmetic products, alongside the expansion
of oilfield drilling operations across the region. North America holds a
significant presence in the global oil industry, with more than 6,000 oil wells
and a substantial market share. The region anticipates a surge in oilfield
drilling activities due to the growing demand for oil as a fuel source in both
industrial and transportation sectors, driven by countries both in the
developing and developed world.
Additionally, in
Europe, the consumption of tertiary amines is substantial and is expected to
see faster growth. The rise in demand within the region is likely to be driven
by industries such as polyurethane foam, textiles, and personal care. Moreover,
stringent regulatory measures imposed by governmental bodies and organizations
like Ofwat, DW, and SEPA, particularly concerning wastewater and drainage water
treatment, are expected to stimulate the demand for water treatment chemicals.
Major companies
operating in Global Tertiary Amine Market are:
- Albemarle
Corporation
- Eastman Chemical
Company
- Kao Corporation
- BASF SE
- Solvay S.A.
- Dow Inc.
- Balaji Amines
Ltd.
- Alkyl Amines
Chemicals Ltd.
- Indo Amines Ltd.
- Arkema S.A.
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“The worldwide
movement towards sustainable and environmentally friendly practices has sparked
a growing enthusiasm for green chemistry solutions. When employed thoughtfully
and designed with sustainability in mind, tertiary amines can play a role in
promoting eco-friendly chemical processes. This trend is particularly
noticeable in industries such as pharmaceuticals, where the creation of
environmentally conscious synthesis methods is of utmost importance. Moreover,
tertiary amines are currently being harnessed in catalytic processes that
minimize waste generation and reduce energy consumption. With increasingly
strict environmental regulations and the growing influence of corporate sustainability
initiatives, it is anticipated that the adoption of green chemistry practices
involving tertiary amines will continue to gain momentum creates a lucrative
opportunity in the market growth,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Tertiary
Amine Market By Product (C-8, C-10, C-12, C-14, C-16), By Application
(Surfactants, Biocides, Flotation Reagents, Others), By End Use (Personal Care,
Cleaning Products, Agricultural Chemicals, Others), By Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Tertiary Amine Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Tertiary Amine Market.
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